Water-Based Adhesives Industry 2019 Global Market Size, Share, Growth, Trends, 10 Company Profiles and 2023 Future Market Analysis
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Water-Based Adhesives Market-Industry Size, Share, Growth, Top Manufacturers and Forecasts 2023 Water-Based Adhesives Market 2019 Global Industry Analysis, Demand, Consumption and Opportunity Forecast to 2023 Water-Based Adhesives Market : Water-Based Adhesives also known as waterborne adhesives content carrier fluid and additives to reduce its viscosity to be applied at different thickness. These adhesives are formulated using either natural polymers or soluble synthetic polymers. Water-based adhesives are gaining high importance in the market owing to environmentally friendly and economical alternative to solvent-borne adhesives. They are wet bonding, therefore at least one substrate has to be water permeable to allow water to escape from the bond line. Owing to its flexibility and quick setting time, major customers of water-based adhesives are the paper & packaging, building & construction, automotive and woodworking among others. Some of the protuberant factors identified in the global water-based adhesives market are increasing demand for water-based adhesives in tapes and labels and huge expenditure in emerging economies. Furthermore, growing packaging industry on account of increasing demand for e-commerce are likely to propel market growth. In addition, regulations laid down in developed regions for usage of low VOC adhesives in order to address the environmental challenges is expected to boost the demand for water-based adhesives. Shifting preference towards green and sustainable adhesives among consumers are expected to offer lucrative opportunity in the global water-based adhesives market.
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Water-Based Adhesives Market-Industry Size, Share, Growth, Top Manufacturers and Forecasts 2023
Competitive Dashboard: • Henkel AG & Company • KGaA (Germany) • Arkema (France) •
Sika AG (Switzerland)
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H.B. Fuller Company (US)
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DowDupont (US)
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3M (US)
• DIC Corporation (Japan) •
Ashland Inc. (US)
• Akzo Nobel N.V. (Netherlands)
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Water-Based Adhesives Market-Industry Size, Share, Growth, Top Manufacturers and Forecasts 2023 Regions: According to the report, the European Water-Based Adhesives market is expected to witness steady growth with a positive economic environment because European Union has lifted the ban on Water-Based Adhesives in the European region for a period of 5 years, with period starting from November 2017. The positive results are expected in Europe. Where not for farming, Water-Based Adhesives is used for the eradication of weed in the railway tracks in the region. The most important country-specific markets in Europe are Germany, Italy, and the United Kingdom (UK). In North America, due to advanced methods of farming being available, agricultural production is huge in the United States of America (USA). Therefore, the market in this region is significant. Due to advanced technology, many important manufacturers of Water-Based Adhesives are based in the USA. After the USA, Canada and Mexico are the most important country-specific markets. In Latin America, agriculture does happen, but due to the lack of advanced technology, the scope of agriculture is limited and so is production. The most important country-specific markets in Latin America are Argentina, Brazil, and Uruguay, followed by the rest of Latin America. In the MEA region, the market is limited. As most of the countries are desert regions, farming here is very limited. Some other reasons for the limited market growth in this region are lack of awareness, lack of education, lack of technological development, and political instability. The important country-specific markets in this region are Bahrain, Kuwait, North Africa, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), followed by the rest of the MEA region.
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Water-Based Adhesives Market-Industry Size, Share, Growth, Top Manufacturers and Forecasts 2023 Segments: According to MRFR analysis, the global water-based adhesives market has been segmented by resin type, application, and region. On the basis of resin type, the market has been segmented into polyvinyl acetate emulsion (PVA), acrylic polymer emulsion (PAE), vinyl acetate ethylene emulsion (VAE), styrene butadiene latex, polyurethane dispersion (PUD), vinyl acetate acrylates (VAA) and others. Acrylic polymer emuslion segment accounted for the largest market share in the global water-based adhesives market in 2019. These adhesives are heterogenous mixture consisting of dispersed liquid in aqueous phase and provides balance between shear, stack and peel of the bond. It is widely used in packaging materials like paper bags, tapes, labels, automotive upholstery and leather binding. Growing demand for packaging application due to increase in trading activities is expected to propel demand for acrylic polymer emulsion, which in turn, driving the demand for waterbased adhesives market. Based on applications, the market has been segmented into paper & packaging, tapes & labels, building & construction, automotive, woodworking and others.Paper & packaging segment accounted for the largest market share in the global market owing to the increasing demand for lightweight packaging materials in industries like FMCG, pharmaceuticals, and food & beverages. Increasing in disposable income and high demand for consumer goods are expected to drive the market growth.
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